How much assurance does an unqualified opinion on financial statements give?
AAbsolute assurance
BLimited assurance
CNegligible assurance
DReasonable assurance
Answer & Solution
Correct answer: D. Reasonable assurance
An unqualified opinion is not a health certificate for the company; it gives only reasonable assurance about the statements.
Keep practising Auditor's Report
Browse all Auditor's Report questions for CA Final, or explore more Auditing topics.
Related questions
Audit reports derive their value mainly from doing what to financial statements?A report meant only for a parent company is what?Independence of the auditor mainly supports which feature of the report?The introductory paragraph of the traditional report identifies what?In the traditional three-paragraph report, which paragraph describes the nature of the audWhat does a report to the audit committee typically give?Firing an auditor to hunt for a clean opinion is called what?Sarbanes-Oxley set up which audit regulator?